Texas oil boom helping boost nation’s economy

A new study shows that Texas is making a big contribution to the nation’s economic recovery thanks to the recent boom in the oil and gas industry.

Texas is among 10 states that combined are expected to produce nearly 1.2 million jobs to the economy by the end of the decade. The figures come from a study by global information company IHS.

“The unconventional oil and gas revolution is having a bigger impact across the country, including in non-producing states, than is generally recognized,” Daniel Yergin, vice chairman of IHS and author of the study, said in a release. “What we found is that the economic and financial links reach out across all the states in our highly interconnected national economy.”